Published on 25 Apr 2024 on Reuters via Yahoo Finance
Morning Bid: Gearing up for the tech roller-coaster ride
A look at the day ahead in European and global markets from Ankur Banerjee
Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions.
Meta's lower-than-anticipated revenue forecast along with guidance for higher expenses knocked $200 billion of its market value and dragged several of its rivals lower as worries over the surging cost of AI weighed on sentiment.